Seattle Chamber Music Society Foundation

Analysis

Seattle Chamber Music Society Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Seattle Chamber Music Society Foundation reported income of $977k and spending of $112k, leaving 89% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.5m to $977k (-36%), an average of -11% a year. The sharpest change came in the year to September 2023, when income rose by 643%. Over the whole period it spent 21% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Seattle Chamber Music Society Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Gay Mens Chorus of South Florida Inc ($977k), The Dunhuang Foundation Inc ($978k) and Dance Educators of America Inc ($976k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 17% of the total. At year end it held assets of $5.5m against liabilities of $250, net assets of $5.5m.